Page 6 - FY 2026-2027 Adopted Budget Book

Required Legal Statements

FY 2026-2027

Local Government Code Sec. 102.005(b)

This

year’s that amount

$249,724 is tax revenue to be raised from new property

added to the tax roll this year.

City Council Record Vote

Local Government Code Sec. 102.007(d)
The members of the governing body voted on the adoption of the budget as follows:

Dan Cogan, Nichelle D. Dawkins, Joy Donovan Brandon, Amy Sabol,
FOR:
Shelly Lemman, Steve Farco, Rob Gagliardi
AGAINST : Not Applicable
PRESENT and not voting: Not Applicable
ABSENT : Not Applicable

Tax Rate FY 2025-2026 FY 2026-2027
Property Tax Rate 0.526212 0.566599
No-New-Revenue Tax Rate 0.506800 0.553832
No-New-Revenue 0.366474 0.405663
Maintenance & Operations Tax Rate
Voter-Approval Tax Rate 0.526212 0.572758
Debt Rate 0.145266 0.149239

The total amount of municipal debt obligation secured by property taxes for the City of Bedford is $86,140,000.

T axpayer Impact Statement

Government Code Sec. 551.043
FY 2025-2026 FY 2026-2027 FY 2026-2027
Current Adopted Budget No-New-Revenue
Fiscal Year Tax Rate Tax Rate

Median-Valued Homestead Property $318,671 $319,630 $319,630
Tax Rate (per $100 of value) $0.526212 $0.566599 $0.553832
Estimated Property Tax Bill $1,676.89 $1,811.02 $1,770.21

FY 2026-2027 Adopted Budget Book · September 15, 2026 2